Eyewear retailer Warby Parker (NYSE: WRBY) will be reporting results tomorrow before market hours. Here’s what investors should know.
Warby Parker beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $190.6 million, up 17.8% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is Warby Parker a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Warby Parker’s revenue to grow 12.7% year on year to $225.5 million, slowing from the 16.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.11 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Warby Parker has missed Wall Street’s revenue estimates twice over the last two years.
With Warby Parker being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for specialty retail stocks. However, there has been positive investor sentiment in the segment, with share prices up 11% on average over the last month. Warby Parker is up 17.1% during the same time and is heading into earnings with an average analyst price target of $22.64 (compared to the current share price of $16.71).
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